NATIONAL GRID PLC-SP ADR (NGG) Technical Analysis
NYSE:NGG • US6362744095
Taking everything into account, NGG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, NGG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that NGG is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by NGG over the past year are nicely spread over this period.
- NGG is part of the Multi-Utilities industry. There are 26 other stocks in this industry. NGG outperforms 96% of them.
- NGG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NGG is performing more or less in line with the market.
- In the last month NGG has a been trading in the 86.96 - 94.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NGG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 89.86, a Stop Loss order could be placed below this zone.
More info and screens
72.09
We found 4 important support areas.
- A support zone ranging from 89.74 to 89.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.17 from a trend line in the daily time frame.
- A support zone ranging from 79.78 to 80.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 72.82 to 74.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 93.77 to 93.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGG is neutral. |
| ChartMill Relative Strength | 87.54 | POSITIVE | NGG has a high relative strength, it outperformed 87.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.42 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests NGG has a negative trend. |
| Stochastics (14,3) | 22.97 | NEUTRAL | The Stochastics value for NGG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 34.61 | POSITIVE | The high ADX value value for NGG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.90 | 89.73 | 2.17 (2.36%) | 25.00% |
| An entry @91.90. This is a Buy Stop order right above the 10 day moving average. | An exit @89.73. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.17 points, which is 2.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of NGG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NGG Technicals: Chart, Performance Metrics, Trend & Indicators
90.41
+0.55 (+0.61%)
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 10 / 10 to NGG.
Can you provide the trend direction for NATIONAL GRID PLC-SP ADR?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 55.4238. This indicates that the stock is currently neutral.
What is the short term momentum for NATIONAL GRID PLC-SP ADR (NGG) stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is neutral.
What are the support and resistance levels for NATIONAL GRID PLC-SP ADR (NGG) stock?
NATIONAL GRID PLC-SP ADR (NGG) has a support level at 89.86 and a resistance level at 93.77. Check the full technical report for our detailed analysis of NGG support and resistance levels.